Which of the following group of accounts are increased with a debit?
A) assets, liabilities, owner's equity
B) assets, drawing, expenses
C) assets, revenues, expenses
D) assets, liabilities, revenues

Question

Quizplus · Accepted Answer

According to the rules of accounting, assets, drawing, and expenses are increased with a debit entry. This means that when a debit entry is made to one of these accounts, the balance of the account increases.

Which of the Following Group of Accounts Are Increased with a Debit